Maryland Veterans Memorial Museum Inc

Maryland Veterans Memorial Museum Inc. faces persistent operating deficits despite substantial assets.

EIN: 202462036 · La Plata, MD · NTEE: A80 · Updated: 2026-03-28

$129KRevenue

$3.3MAssets

60/100Mission Score (Good)

A80

About Maryland Veterans Memorial Museum Inc

Maryland Veterans Memorial Museum Inc (EIN: 202462036) is a nonprofit organization based in La Plata, MD, classified under NTEE code A80. The organization reported total revenue of $129K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Veterans Memorial Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Maryland Veterans Memorial Museum Inc. exhibits a concerning trend of declining financial health, with expenses consistently exceeding revenue in recent years. For example, in 2023, revenue was $70,116 while expenses were $155,498, indicating a significant operating deficit. This pattern is also visible in 2022 ($77,644 revenue vs. $136,950 expenses) and 2021 ($129,273 revenue vs. $167,290 expenses). While the organization holds substantial assets, reported at $3,344,517 in the latest filing, these assets have been gradually decreasing since a peak of $3,694,083 in 2018, suggesting the organization may be drawing down reserves to cover operational shortfalls. The lack of reported officer compensation across all filings indicates a volunteer-led structure, which can be a positive for efficiency, but the overall financial sustainability is questionable given the persistent deficits.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent operating losses raise concerns about long-term viability if current trends continue. The absence of officer compensation does suggest a commitment to minimizing overhead in that specific area. Transparency is generally good through its consistent 990 filings, and the zero officer compensation is a transparent indicator of its leadership structure. However, the financial instability overshadows these positive aspects, making it challenging to deem the organization financially robust or highly efficient in its current state.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maryland Veterans Memorial Museum Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Maryland Veterans Memorial Museum Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all nine filings, indicating a volunteer-led executive structure, which is positive for minimizing overhead costs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Maryland Veterans Memorial Museum Inc's IRS 990 filings:

Persistent operating deficits (expenses exceeding revenue in 2023, 2022, 2021, 2019)
Declining asset base since 2018, suggesting reliance on reserves
Highly volatile revenue streams over the past several years

Strengths

The following positive indicators were identified for Maryland Veterans Memorial Museum Inc:

No reported officer compensation, indicating volunteer leadership and low executive overhead
Substantial asset base ($3,344,517) provides some financial cushion
Consistent IRS 990 filing history demonstrates transparency

Frequently Asked Questions about Maryland Veterans Memorial Museum Inc

Is Maryland Veterans Memorial Museum Inc. financially sustainable?

The organization's financial sustainability is questionable given that expenses have consistently exceeded revenue in recent years (e.g., $155,498 expenses vs. $70,116 revenue in 2023), leading to operating deficits and a gradual decline in assets.

How has the organization's asset base changed over time?

The organization's assets have generally declined from a peak of $3,694,083 in 2018 to $3,344,517 in the latest filing, suggesting a draw-down of reserves.

What is the trend in revenue for the organization?

Revenue has been highly volatile, with significant fluctuations such as $2,995,481 in 2017, dropping to $61,168 in 2019, and currently at $70,116 in 2023, indicating an inconsistent funding stream.

Filing History

IRS 990 filing history for Maryland Veterans Memorial Museum Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2023), Maryland Veterans Memorial Museum Inc's revenue has declined by 25.3%, moving from $94K to $70K. Total assets increased by 5030.8% over the same period, from $66K to $3.4M. Total functional expenses rose by 351.7%, from $34K to $155K. In its most recent filing year (2023), Maryland Veterans Memorial Museum Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $163K in liabilities against $3.4M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $3.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$70K	$155K	$3.4M	$163K	—	—
2022	$78K	$137K	$3.5M	$174K	—	View 990
2021	$129K	$167K	$3.6M	$203K	—	View 990
2020	$355K	$131K	$3.6M	$203K	—	—
2019	$61K	$149K	$3.6M	$414K	—	View 990
2018	$369K	$167K	$3.7M	$414K	—	View 990
2017	$3.0M	$75K	$3.1M	$0	—	View 990
2016	$150K	$58K	$158K	$0	—	View 990
2015	$94K	$34K	$66K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $70K, expenses of $155K, and assets of $3.4M (revenue -9.7% year-over-year).
2022: Revenue of $78K, expenses of $137K, and assets of $3.5M (revenue -39.9% year-over-year).
2021: Revenue of $129K, expenses of $167K, and assets of $3.6M (revenue -63.5% year-over-year).
2020: Revenue of $355K, expenses of $131K, and assets of $3.6M (revenue +479.7% year-over-year).
2019: Revenue of $61K, expenses of $149K, and assets of $3.6M (revenue -83.4% year-over-year).
2018: Revenue of $369K, expenses of $167K, and assets of $3.7M (revenue -87.7% year-over-year).
2017: Revenue of $3.0M, expenses of $75K, and assets of $3.1M (revenue +1899.9% year-over-year).
2016: Revenue of $150K, expenses of $58K, and assets of $158K (revenue +59.7% year-over-year).
2015: Revenue of $94K, expenses of $34K, and assets of $66K.

Data Sources and Methodology

This transparency report for Maryland Veterans Memorial Museum Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.